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Analyzing the Effects of Insuring Health Risks : On the Trade-Off between Short Run Insurance Benefits vs. Long Run Incentive Costs
Cole, Harold L. - 2012
This paper constructs a dynamic model of health insurance to evaluate the short- and long run effects of policies that … prevent firms from conditioning wages on health conditions of their workers, and that prevent health insurance companies from … charging individuals with adverse health conditions higher insurance premia. Our study is motivated by recent US legislation …
Persistent link: https://www.econbiz.de/10013097204
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The Developmental Approach to Child and Adult Health
Conti, Gabriella - 2013
an integrated developmental approach to child and adult health that considers the costs and benefits of interventions … over the life cycle. We suggest policies to promote child health which are currently outside the boundaries of conventional …
Persistent link: https://www.econbiz.de/10013089128
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Integrability and Generalized Separability
Fally, Thibault - 2018
This paper examines demand systems where the demand for a good depends only on its own price, consumer income, and a single aggregator synthesizing information on all other prices. This generalizes directly-separable preferences where the Lagrange multiplier provides such an aggregator. As...
Persistent link: https://www.econbiz.de/10012911109
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Behavioral Indifference Curves
Komlos, John - 2014
According to the endowment effect there is some discomfort associated with giving up a good, that is to say, we are willing to give up something only if the price is greater than the price we are willing to pay for it. This implies that the indifference curves should designate a reference point...
Persistent link: https://www.econbiz.de/10013052143
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Long-Term-Care Utility and Late-in-Life Saving
Ameriks, John - 2015
introduces health-dependent utility into a model in which preferences for bequests, expenditures when in need of long-term care … (LTC), and ordinary consumption combine with health and longevity uncertainty to explain saving behavior. To sharply …
Persistent link: https://www.econbiz.de/10013027270
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Labor Supply in the Past, Present, and Future : A Balanced-Growth Perspective
Boppart, Timo - 2016
What explains how much people work? Going back in time, a main fact to address is the steady reduction in hours worked. The long-run data, for the U.S. as well as for other countries, show a striking pattern whereby hours worked fall steadily by a little below a half of a percent per year,...
Persistent link: https://www.econbiz.de/10012992666
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The Generalized Informativeness Principle
Chaigneau, Pierre - 2014
This paper shows that the informativeness principle, as originally formulated by Holmstrom (1979), does not hold if the first-order approach is invalid. We introduce a "generalized informativeness principle" that takes into account non-local incentive constraints and holds generically, even...
Persistent link: https://www.econbiz.de/10013040535
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Any Non-Individualistic Social Welfare Function Violates the Pareto Principle
Kaplow, Louis; Shavell, Steven - 2021
The public at large, many policymakers, and some economists hold views of social welfare that attach some importance to factors other than individuals' utilities. This note shows that any such non-individualistic notion of social welfare conflicts with the Pareto principle
Persistent link: https://www.econbiz.de/10013234371
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Climate Sensitivity Uncertainty : When is Good News Bad?
Freeman, Mark - 2015
Climate change is real and dangerous. Exactly how bad it will get, however, is uncertain. Uncertainty is particularly relevant for estimates of one of the key parameters: equilibrium climate sensitivity—how eventual temperatures will react as atmospheric carbon dioxide concentrations double....
Persistent link: https://www.econbiz.de/10013029035
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Discounting Under Disagreement
Heal, Geoffrey M. - 2013
A group of agents disagree about the appropriate inter temporal preferences to use when exploiting a common productive resource. They thus delegate decision making to a social planner who allocates consumption efficiently across heterogeneous individuals and over time. We define `policy...
Persistent link: https://www.econbiz.de/10013082765